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LEASES (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Components of Financing Lease Cost
The following table shows the components of financing lease cost:

Financing Lease CostFor the Three Months Ended September 30, 2020For the Nine Months Ended September 30, 2020
Amortization of right-of-use assets$11,567 $45,064 
Interest on lease liabilities699 4,946 
Total financing lease cost$12,266 $50,010 
Future Minimum Lease Payments to Discounted Finance Lease Liability
The following table reconciles future minimum lease payments to the discounted finance lease liability:

Years ending December 31,Amount
2020 - remaining$12,506 
202140,921 
202212,803 
2023— 
2024— 
Thereafter— 
Total future minimum lease payments$66,230 
Less: Amount representing interest2,279 
Present value of future payments$63,951 
Current portion$43,024 
Long-term portion$20,927